BG Foods Inc

For the period ended Sep 28, 2024. Filed Nov 5, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 28, 2024 · Filed Nov 5, 2024

BGS$2.660.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Cash Flows

(In thousands)


· · Thirty-nine Weeks Ended ·
· September 28, · September 30,
· 2024 · 2023
Cash flows from operating activities:
Net loss	$(28,837)	$(68,773)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	51,709	52,586
Amortization of operating lease right-of-use assets	14,437	13,325
Amortization of deferred debt financing costs and bond discount/premium	4,537	5,691
Deferred income taxes	(16,968)	(18,940)
Impairment of goodwill	70,580	—
Impairment of assets held for sale	—	132,949
Loss on sales of assets	258	775
Loss (gain) on extinguishment of debt	1,938	(1,368)
Share-based compensation expense	6,795	5,452
Changes in assets and liabilities, net of effects of businesses acquired:
Trade accounts receivable	(17,152)	(4,634)
Inventories	(57,419)	3,316
Prepaid expenses and other current assets	(738)	(5,446)
Income tax receivable/payable, net	1,273	524
Other assets	(3,548)	(1,104)
Trade accounts payable	55,993	52,291
Accrued expenses	(33,864)	(10,770)
Other liabilities	1,572	(193)
Net cash provided by operating activities	50,566	155,681

Cash flows from investing activities:
Capital expenditures	(18,582)	(16,946)
Proceeds from sales of assets	(422)	51,652
Net cash (used in) provided by investing activities	(19,004)	34,706

Cash flows from financing activities:
Repurchases of senior notes	(685)	(42,900)
Proceeds from issuance of senior secured notes	250,000	550,000
Repayments of borrowings under term loan facility	(528,625)	(121,000)
Borrowings under term loan facility	450,000	—
Repayments of borrowings under revolving credit facility	(275,000)	(422,500)
Borrowings under revolving credit facility	145,000	140,000
Proceeds from issuance of common stock, net	—	73,826
Dividends paid	(45,000)	(41,073)
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation	(615)	(1,879)
Payments of debt financing costs	(12,568)	(10,213)
Net cash (used in) provided by financing activities	(17,493)	124,261

Effect of exchange rate fluctuations on cash and cash equivalents	(469)	(164)
Net increase in cash and cash equivalents	13,600	314,484

Cash and cash equivalents at beginning of period	41,094	45,442
Cash and cash equivalents at end of period	$54,694	$359,926

Supplemental disclosures of cash flow information:
Cash interest payments	$120,893	$103,906
Cash income tax payments	$9,232	$17,763
Non-cash investing and financing transactions:
Dividends declared and not yet paid	$15,041	$14,938
Accruals related to purchases of property, plant and equipment	$1,495	$2,502
Right-of-use assets obtained in exchange for new operating lease liabilities	$2,709	$14,810

Notes to Consolidated Financial Statements

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.